What is Trauma Products?
According to World Health Organization (WHO), around 1.35 million people die every year as a result of road traffic crashes and road traffic injuries are the leading cause of death for children and young adults aged 5-29 years. Trauma products are the products used for various traumatic injuries such as motor vehicle collisions, sports injuries, falls, natural disasters, and a multitude of other physical injuries that require immediate medical attention. These products are useful for trauma surgeons and patients. The factors such as the Increased Number of Motor Vehicle Accidents and the Rise in the Prevalence of Orthopedic Diseases such as Osteoarthritis and Osteoporosis in Aged People are the key drivers for the global Trauma Products market. In addition, Technological Advancements in Trauma Products and the Increasing Popularity of Minimally Invasive Surgeries also fueling the market growth. However, Complications Associated with Surgeries and Stringent Government Approval Processes may hamper the market growth.
The market study is broken down by Type (Internal (Plates, Screw, Nails, Pins, Staples) and External Fixators (Circular, Hybrid)), by Application (Motor Vehicle Collision Injuries, Sports Injuries, Falls and Other Physical Injuries) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Trauma Products market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DePuy Synthes (United States), Integra LifeSciences Corporation (United States), Smith & Nephew (United Kingdom), Stryker Corporation (United States), Zimmer Biomet (United States), Medtronic Plc (Ireland), Cardinal Health Inc. (United States), Smith & Nephew plc (United Kingdom), DePuy Synthes Companies (United States), Zimmer Biomet (United States), Integra Lifesciences Holdings Corporation (United States), Conmed Corporation (United States), B. Braun (Germany), Arthrex, Inc. (United States) and Wright Medical Group N.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Acumed, LLC (United States), Orthofix Holdings, Inc. (United States) and Double Medical Technology Inc. (China).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Trauma Products market by Type, Application and Region.
On the basis of geography, the market of Trauma Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Trauma Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Surgical Site, the sub-segment i.e. Hand will boost the Trauma Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Technological Advancements in the Trauma Products
- Increasing Popularity of Minimally Invasive Surgeries
Market Drivers
- Increased Number of Motor Vehicle Accidents
- Rise in the Prevalence of Orthopedic Diseases such as Osteoarthritis and Osteoporosis in Aged People
Opportunities
- Growth in the Geriatric Population
- Growing Demand from Emerging Markets
- Growth in the Healthcare Industry Worldwide
Restraints
- Complications Associated with Surgeries
Challenges
- Stringent Government Approval Process
Key Target Audience
Trauma Products Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.